It's stagnant.Now, I'm a fan of a few lesser practiced investing strategies, so I like equity if you pull a HELOC on the property, but even in the case of HELOCs, you leave some money on the table.For instance.

I'm a big fan of Cozy.

I am not a fan of the new forum layout.

Also, Creditors are settling debt for $.10 on the dollar right now, begging for people to pay off debt if disputing the charges with the credit bureaus don’t workI’ve personally never been a fan of FHA loans unless the deal really warrants it. 

That being said, it's an amazing resource and I'm a fan, client and API consumer. 

Again, want to change a ceiling fan? 

The current contractors he's contacted have only been interested in doing quick work (ie. outlet repairs, fans, changing toilets, etc.).

It could work but like the others say - this is too much risk. 0 down deals are okay for experienced investors with a lot of reserves when **** hits the fan.

Big Fan of Memphis myself.  1) Price to rent ratio is great without the issues of other markets.2) Large rental base(I have had less than 1 month of total vacancy in the past 4 years)3) Extensive support for investors. 

That being said, I'm a huge fan of keeping it simple, so a google sheet with the following info is what I use: Tenant Name, address, rent amount.